The American Economic Review, Volume 70,Edições 3-5American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |
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Página 568
... foreign currency . For example , a multinational firm may borrow either dollars or foreign currency to finance its operations ; and it is obligated to repay in the currency initially borrowed . In this case , the firm is holding a ...
... foreign currency . For example , a multinational firm may borrow either dollars or foreign currency to finance its operations ; and it is obligated to repay in the currency initially borrowed . In this case , the firm is holding a ...
Página 569
... foreign exchange p ( t ) adjusts immediately to equate the demand for a stock of net shortterm foreign currency claims to the stock in existence , S ( t ) . This stock can be positive or negative , depending on whether short - term foreign ...
... foreign exchange p ( t ) adjusts immediately to equate the demand for a stock of net shortterm foreign currency claims to the stock in existence , S ( t ) . This stock can be positive or negative , depending on whether short - term foreign ...
Página 961
... foreign exchange . The asset menu of our model is severely restricted so as to concentrate on essentials . Domestic residents can hold domestic money or foreign interest - earning bonds . ' The foreign bonds are " real " bonds promising ...
... foreign exchange . The asset menu of our model is severely restricted so as to concentrate on essentials . Domestic residents can hold domestic money or foreign interest - earning bonds . ' The foreign bonds are " real " bonds promising ...
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adjustment analysis assets assumed assumption average behavior capital coefficient consider constant consumer consumption cost countries curve defined demand depends derived determined developed discussion distribution earnings Econ Economic effect efficient equal equation equilibrium estimates example exchange exist expected Figure firm follows foreign function given growth hold implies important income increase individual industry inflation initial interest International investment labor less marginal maximize mean measure ment monetary Note observed obtained optimal output percent period positive possible preferences present problem production profits quantity ratio reduced regulation relative respect risk saving share social substitution supply Table Theory tion trade unemployment United University utility utility function variables wage welfare workers yields zero